OLD MUTUAL may have bought the 8,1% stake in pharmaceutical group Adcock Ingram sold by Johnnic last week. Industry analysts believe the financial services giant may plan to sell the stake to Tiger Oats. Reports emerged that Johnnic sold its stake in Adcock to “an unidentified financial institution”. Old Mutual may have become involved in […]
SUPERSPORT United displayed character when they beat Bloemfontein Celtic 2-1 in a Castle Premier League soccer fixture at the Caledonian Stadium on Friday night, despite finishing a man down.The Bob Save Super Bowl finalists were reduced to 10 men in the 49th minute when national defender Clyde Mahlangu was sent off by referee Herman Nkuna […]
NIGERIA’S highest ruling body has approved a new constitution ahead of the May 29 handover to an elected civilian president, a member of the body said late on Tuesday.Major General Abdul Sarki Muktar told reporters in Abuja that the new document was approved by the Provisional Ruling Council after two days of deliberations.The constitution, which […]
MENINGITIS has claimed at least 1467 lives in Sudan, with a total of 20119 cases reported since December, the Akhbar al Youm daily reported on Wednesday.Health Minister Mahdi Babu Nimir, speaking to a National Assembly committee here on Tuesday, said that no reports are being received from outlying regions and warned that the epidemic will […]
OWN CORRESPONDENT, East London | Thursday 7.30pm A POLICEMAN charged with allegedly allowing a recaptured prisoner to escape again for R20 and two beers appeared in an Eastern Cape court on Thursday. Constable Dumile Sahluko was arrested on Tuesday and charged with allowing a prisoner to escape, defeating the ends of justice and extortion after […]
THE Tsogo Sun group withdrew its application against KwaZulu-Natal premier Lionel Mtshali regarding casino licences in Durban. The group will pay all court costs. No reason was given for the withdrawal. The move comes while opposition parties in the province are complaining about the Inkatha Freedom Party’s Gambling Amendment Bill and what the call the […]
THE International Monetary Fund and Ghana on Monday signed a three-year loan program, with a first tranche of $30 million available immediately, the Fund said. The 1999-2001 program aims to reach economic growth of 6% from 5,6% in 1998, and to beat down inflation to 5% by 2001 from 19,3% last year, the Fund said. […]
WEDNESDAY, 12.30PM: BLACK-owned telecoms group Vula Communications, currently bidding for South Africa’s third cellular licence, on Tuesday announced it has bought a 12% stake in global satellite communications system Mobile Communications Holdings. Vula’s R170-million share places it alongside Boeing as an equity partner in the the $1,4-billion company, and positions it as the first South […]
SOUTH African James Kingston scored an improbable victory in the Maekyung Daks Open on Sunday after beating Myanmar’s Kyi Hla Han in a sudden-death play-off. Kingston, who also won the Thailand Open last year in extra time, holed a 12-foot birdie putt to defeat Han on the fourth play-off hole, after the diminutive Myanmar golfer […]
MICHAEL METELITS, Johannesburg | Wednesday 6.00pm. WEAK international markets and profit-taking brought the Johannesburg Stock Exchange to its knees on Wednesday, as most major indices closed down over 1% and bonds and the rand slipped. Dealers blamed a mixture of unwinding long equity positions to reap profits and generalised caution in the markets for the […]